Second market fall stopped by F&P Healthcare rebound

The benchmark index rose 12.61 points, or 0.1 percent, to 12,264.52. Within the index, 37 stocks fell, nine rose and four were unchanged. Turnover was $198.1 million.

Rising covid infections in the western world cast a dark cloud over global sentiment, as European nations reinstated some lockdown measures to stem the outbreak.

The US’s S&P 500 gained 0.3 percent after Tuesday’s 1.9 percent fall and the Euro Stoxx 600 index closed at its lowest level since May.

The NZ market joined the sell-off yesterday, falling almost 2 percent, but edged higher today due to the heavy weighting of the few stocks that have performed well during the covid-crisis.